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Author Question: When the price of a good is a constant, the marginal revenue per unit of output is the same as: a. ... (Read 39 times)

jlmhmf

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on: Jun 30, 2018
When the price of a good is a constant, the marginal revenue per unit of output is the same as:
 a. total revenue.
  b. average total cost.
  c. price.
  d. quantity of output.
  e. profit per unit.

Question 2

If a government tax has as its purpose the raising of revenue, it would be best to place the tax on a product which:
 a. is a non-essential.
  b. has a highly elastic demand.
  c. has many good substitutes.
  d. has a highly inelastic demand.
  e. has a unit elastic demand curve.


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meganmoser117

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Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

d


jlmhmf

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Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

upturnedfurball

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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